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Transalta Corp. - TAC STOCK NEWS

Welcome to our dedicated news page for Transalta (Ticker: TAC), a resource for investors and traders seeking the latest updates and insights on Transalta.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Transalta's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Transalta's position in the market.

News
TransAlta Joins Other Water Licence Holders and the Alberta Government to collaborate on flow management on the Bow River System
Rhea-AI Summary
TransAlta collaborates with other water licence holders and the Alberta Government to manage water flows in the Bow River System during expected lower water year. The company will maximize storage in the spring to sustain water flow in the summer, aiming to mitigate drought conditions.
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TransAlta Announces Retirement of CFO and Appointment of New CFO
Rhea-AI Summary
TransAlta announces the retirement of Todd Stack, CFO, and the appointment of Joel E. Hunter as the new CFO effective July 1, 2024. Todd Stack's 34-year tenure with the Company is highlighted, praising his contributions to TransAlta's success and strategic positioning. Joel E. Hunter, a seasoned energy executive, brings over 26 years of finance and capital markets expertise to the role, aiming to help TransAlta achieve its strategic objectives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
management
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Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference Call
Rhea-AI Summary
TransAlta to hold its 2024 Annual Meeting of Shareholders virtually on April 25, 2024. Shareholders can join the meeting via live audio webcast at 11:00 a.m. MT. The management proxy circular is available for detailed information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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earnings
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TransAlta Corporation Enters into Automatic Share Purchase Plan
Rhea-AI Summary
TransAlta (TAC) announces entering into an automatic share purchase plan to repurchase common shares under its normal course issuer bid. The company has purchased over 4 million common shares since May 2023, aiming to enhance shareholder returns through capital allocation strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
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TransAlta Reports Full Year and Fourth Quarter 2023 Results and Announces Enhanced Share Repurchase Program
Rhea-AI Summary
TransAlta Corporation reported strong financial results for the fourth quarter and year ended Dec. 31, 2023, with increased adjusted EBITDA, free cash flow, and cash flow from operating activities. The company achieved record earnings and announced an enhanced common share repurchase program for 2024. Key business highlights include achieving strong safety performance, entering into transfer agreements, and completing various energy projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.86%
Tags
buyback earnings
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Media Advisory: TransAlta Fourth Quarter and Full Year 2023 Results and Conference Call
Rhea-AI Summary
TransAlta Corporation (TAC) will release its fourth quarter and full year 2023 results on February 23, 2024. A conference call and webcast will be held to discuss the results, inviting investors, analysts, and the media to participate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
earnings
News
TransAlta Corporation Enters into Automatic Share Purchase Plan
Rhea-AI Summary
TransAlta Corporation (TransAlta) (TSX: TA) (NYSE: TAC) has entered into an automatic share purchase plan (ASPP) to facilitate repurchases of its common shares under the previously announced normal course issuer bid (NCIB). The company has purchased 6,989,000 common shares since January 1, 2023, and 871,100 common shares since the beginning of the current NCIB on May 31, 2023. The prevailing price for the common shares may not reflect their underlying value, leading the company to believe that the purchase of common shares under the NCIB is an attractive and appropriate use of available funds. The ASPP will allow for purchases of common shares to be made at times when the company would ordinarily not be permitted to make purchases, enhancing shareholder returns through appropriate capital allocation such as a share buyback and quarterly dividend underpinned by the company's strong free cash flow position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
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TransAlta Declares Dividends
Rhea-AI Summary
TransAlta Corporation (TSX: TA) (NYSE: TAC) declares quarterly dividends on its Cumulative Redeemable Rate Reset First Preferred Shares for the period from December 31, 2023, to March 31, 2024. The dividend rates range from 2.877% to 8.142%, with dividend per share varying from $0.17981 to $0.50609. Record date is March 1, 2024, and payment date is March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
dividends
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News
TransAlta and BHP Announce Commercial Operation of Innovative Hybrid Renewables Facility to Power Remote Mining Operations in Western Australia
Rhea-AI Summary
TransAlta Corporation (TA) and BHP Group Limited (BHP) announced the successful commercial operation of the 48 MW Northern Goldfields solar and battery storage facility, supplying reliable electricity to BHP's remote nickel mining operations in Western Australia. The project is expected to reduce emissions by 12% at BHP Nickel West's operations, with long-term contracted cash flows and a contract life of 16 years. The facility created over 100 jobs during construction and will continue to support ongoing employment opportunities during operations.
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TransAlta Announces Growth Targets to 2028, Financial Outlook for 2024 and Declares Dividend Increase of 9%
Rhea-AI Summary
TransAlta Corporation (TA, TAC) has announced an updated strategic growth plan to 2028, aiming to deliver up to 1.75 GW of new capacity with a $3.5 billion investment. The company will focus on customer-centered renewables and storage, expanding its development pipeline to reach 10 GW by 2028. Additionally, the Board of Directors has approved a 9% increase in the common share dividend, and a joint development agreement with Hancock Prospecting has been announced. The 2024 financial outlook includes an adjusted EBITDA outlook in the range of $1.15 billion to $1.3 billion and Free Cash Flow of $450 to $600 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.18%
Tags
dividends
Stock TAC logo
Transalta Corp.

NYSE:TAC

TAC Rankings

#1869 Ranked by Market Cap
#3127 Ranked by Stock Gains
#1195 Ranked by Dividends

TAC Stock Data

1.88B
294.46M
0.2%
67.98%
1.03%
Hydroelectric Power Generation
Utilities
Link
Canada
Calgary

About TAC

at transalta we’re about communities and we’re growing: a new pipeline in australia, new operations in alberta and new transmission projects. this means lots of opportunity for you to grow with us in the communities where we operate. our wind, coal, hydro and gas operations allow transalta to provide millions of people with the electricity they need to power their lives. these diverse fuel sources create a unique portfolio that gives you many opportunities to develop your skills. with over 2000 employees in three countries working with four different types of fuel sources in nearly 70 facilities, there are lots of opportunities for growth with our diverse fuel portfolio. - 92 percent of new grads move on to permanent positions at transalta - 1250 of current transalta employees love it here so much they’ve stayed for over 5 years - 98 per cent of new employees would recommend transalta to a friend or family member transalta careers: jobs.transalta.com view our linkedin par